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BNB bulls are playing with fire at $576.3; a 95% probability short trap is already in place.
$BNB /USDT - SHORT sell
Trading plan:
Entry: 575.7 – 576.9
SL: 582.3
TP1: 571.8
TP2: 568.8
TP3: 564.2
Why focus on this structure?
- On the 4-hour timeframe, the outlook is bearish; the 1-day trend is clearly down, with strong EMA suppression.
- On the 15-minute chart, RSI is only 50.91; there’s no oversold bounce signal, and bearish momentum is building.
- Best entry at $576.3; TP1 targets 571.8—risk/reward is appealing.
- Enter now to follow the trend and avoid getting trapped by chasing longs.
Discussion:
Will this leg of the shorts hit TP2 first at 568.8, or will it lure a long pullback above 578?